The Latest Breaking News from Dell Technologies Inc

Alibaba Group Holding Ltd (NYSE:BABA) owned Alibaba Cloud initiated a new round of organizational restructuring, the Pandaily reports. Alibaba Cloud China President Ren Geng resigned for undisclosed reasons. Geng looked to leave as early as 2021 but stayed back.  Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides…

Investors are souring on Dell Technologies Inc (NYSE:D), HP Inc (NYSE:HPQ), and Hewlett Packard Enterprise Co (NYSE:HPE) on concern that surging inflation will curb consumer spending, Bloomberg reports.  The report notes the Federal Reserve's effort to dampen those price increases is likely to crimp the economy in the coming months, further denting sales.  Related: Here's Why Morgan Stanley…

Goldman Sachs analyst Rod Hall downgraded Dell Technologies Inc (NYSE:DELL) to Neutral from Buy with a price target of $61, down from $68 (21.5% upside).  Hall also removed the shares from Goldman's Americas Convictions List.  Dell remains inexpensive compared to its peers. However, he sees increasing fundamental headwinds hindering this value unlock.  The analyst notes…

Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc (NYSE:DELL) to Equal Weight from Overweight with a price target of $60, down from $66 (10.5% upside).  The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be…